Venezuela Leads The World In Supporting Workers With Its New Labor Law

Wednesday, 16 May 2012 09:11

Venezuela's National Assembly passed extraordinary new labor laws in support of workers on April 30, 2012. In a time when workers have had their rights stripped away and capitalist economies are collapsing throughout the United States and Europe, the Venezuelan government has managed to keep its economy thriving and has given the bounty to Venezuelan workers. We regard these new laws to be the most progressive labor legislation in the world today. We thank Axis of Logic Columnist, Arturo Rosales for his report and analysis.

The Venezuelan economy has brought new working-aged youth into the job market between 1999 and 2012 and also 370,000 of the formerly unemployed. As a result, 3.34 million people have been added to the labor market during that period. Elías Eljuri, the president of the National Institute of Statistics, explained that

"the evolution of employment patterns continues in Venezuela, with an emphasis on boosting the most stable and productive sectors ... In 1999, formal employment was possessed by 49.5 percent of the working population, while as of March 2012, that figure rose to 58.7 percent, an increase of 9.2 percentage points."

TVNL Comment: Chavez is painted as an enemy because he won't bend to the corporatocracy and global banking cabal. He is for the people, not a corporate puppet.